BMW to Invest $237 Million on New Battery Cell Centre

BMW will bundle its battery cell expertise in a new competence centre, the German luxury carmaker said on Friday, adding it would invest 200 million euros ($237 million) in the site over the next four years.

News18.com Presents Tech and Auto Awards 2017 | Vote For Your Favourite Smartphone, Car, Two-Wheeler And More!

"By producing battery-cell prototypes, we can analyse and fully understand the cell's value-creation processes. With this build-to-print expertise, we can enable potential suppliers to produce cells to our specifications," BMW board member Oliver Zipse said in a statement.

"The knowledge we gain is very important to us, regardless of whether we produce the battery cells ourselves, or not."

News18.com Presents Tech and Auto Awards 2017 | Car of The Year: Jeep Compass or Maruti Suzuki Dzire? Vote and Win

The centre will open in early 2019, BMW said.

Also Watch: Maruti Suzuki's Senior Executive Director, RS Kalsi Asks #PehniKya?